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Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

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bugmenot

bugmenot

TF Legend
-- Edited Post --

Final Update

Official PDFs are now out
Magnus - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mgtc.pdf

Reserve - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

Revision of Axis Bank Miles/Rewards Transfer Program - https://www.axisbank.com/docs/defau...les-rewards-transfer-terms-and-conditions.pdf


Update: 2nd August

MyZone - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mztc.pdf
Privilege - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/pvtc.pdf
Select - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/sltc.pdf
Ace - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/actc.pdf


Magnus devaluation highlights
  1. Revision in welcome benefits, which are more or less matching with the leaked screenshots
  2. Change in annual fee - ₹12,500 + GST
  3. No more renewal benefit
  4. Spend criteria for fee waiver is now double - 25L
  5. Exclusion of government institutions and utilities MCCs for earning ERs
  6. RIP 25,000ER/1L milestone benefit
  7. Revised transfer ratio of 5:2
  8. 5L ER points cap for transfer
  9. Burgundy account scheme
Reserve devaluation highlights
  1. Spend criteria for fee waiver is revised to 35L
  2. Exclusion of government institutions and utilities MCCs for earning ERs
  3. Revised transfer ratio of 5:2
  4. 5L ER points cap for transfer
  5. Burgundy private account scheme

Aap Chronology Samajiye
  • 📄 Few leaked screenshots of PDF started floating for Magnus and Reserve having potential devaulation
  • 🐦Few folks on Twitter acknowledged the upcoming devaulation by contacting their RMs or insiders from CC department
  • 🎧 Customer Care team were like "Whot Daa Phaak" is going on. They were unaware about these news, some were saying yes and some no
  • 😡 Outrage | Speculation | Twitter Space | Points Transfer Tricks
  • ✋ Then rumour mills started about devaulation being on hold
  • 🔗 Official links of devaulation PDF started popping but "Darling of Cards" was missing
  • 🔌 Axis pulled the plug and links started showing "404 - Not Found" except for unlucky Flipkart card
  • 💣 BOMB - Axis Gift Edge devaulation
  • 📩 Mass credit card cancellation and notice seeking clarification regarding commercial transactions
  • 📉 Official PDF of Magnus and Reserve released
  • 📉 Official PDF of MyZone, Privilege, Select and Ace released

1. Flipkart - https://axisbank.com/docs/default-s...flipkart-credit-card-terms-and-conditions.pdf

Below given links are not opening now as they have been removed. You may check attached PDFs.

2. Reserve - https://axisbank.com/docs/default-s...-reserve-credit-card-terms-and-conditions.pdf
3. Select - https://axisbank.com/docs/default-s...k-select-credit-card-terms-and-conditions.pdf
4. Privilege - https://axisbank.com/docs/default-s...rivilege-credit-card-terms-and-conditions.pdf
5. MyZone - https://www.axisbank.com/docs/defau...-my-zone-credit-card-terms-and-conditions.pdf

By following the format, it is quite easy to create Magnus link, which could be https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-magnus-credit-card-terms-and-conditions.pdf
 

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Transaction on Axis Bank Credit Card no. XX2023 has been declined due to security reasons. Please call 18001035577. for details - Axis Bank
Can anyone help
 
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Prav said:
What is this and whats the solution
Click to expand...
You might have received an email also to confirm it is a valid transaction initiated by you. Otherwise call the number and ask them to register a request to clear the temporary block on the card , as they must have detected it as suspicious transaction.

It happened to me also for payzap/RedGiraffe payment a few days back. It was cleared after 24 hours after I sent a confirmation mail and called up this number.
 
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Arctictern said:
Unfortunately once you transfer magnus points you can there after transfer ER. But once you get points back to ER due to milestone or bonus then you cannot transfer magnus. That's the loop I am stuck in.
Click to expand...
If you have got all pending ER points credited already and your balance is 112 now , then you need to do only one transaction and after one week of wait time ( without further spends ) you will be able to make it zero balance. Hurry offer closing sooon .
 
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palvannan said:
If you have got all pending ER points credited already and your balance is 112 now , then you need to do only one transaction and after one week of wait time ( without further spends ) you will be able to make it zero balance. Hurry offer closing sooon .
Click to expand...
I wish that was the case. All my points were credited
1.8L ER
1.25L magnus
Transferred

Transfer failed and went to Edge Miles
333200 now stuck there
I spoke to axis they say it's a technical error it should have not gone to Edge Miles and that's why even though I see the magnus points i still can't transfer as it's all in Edge miles and not in magnus or Edge rewards
do you know when will the 5:4 offer stop?
I am pm that currently
also did anyone get this
30NOV 23'
EDGERewardpointsformonthlycredittransactionTransaction Amount : 0
Points Earned By You: 100
 
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Arctictern said:
I wish that was the case. All my points were credited
1.8L ER
1.25L magnus
Transferred

Transfer failed and went to Edge Miles
333200 now stuck there
I spoke to axis they say it's a technical error it should have not gone to Edge Miles and that's why even though I see the magnus points i still can't transfer as it's all in Edge miles and not in magnus or Edge rewards
do you know when will the 5:4 offer stop?
I am pm that currently
also did anyone get this
30NOV 23'
EDGERewardpointsformonthlycredittransactionTransaction Amount : 0
Points Earned By You: 100
Click to expand...
Yes, you get those 100 points for doing more than 1lakh credit in your burgundy bank account per month.
 
Upvote 0 Downvote
Arctictern said:
It's 112, the previous was 132 I got some ER credited from my travels and I transferred immediately. So is the trick to make it zero? I hope I can Axis can help and minus the 112 points to make it zero. With the balance of 112 it is impossible to get to 300 or multiples of 300.
Click to expand...
If you have no more pending points remaining to be credited , due to past transactions then please do below.

As your current Edge points balance is 112, you need to add 588 ER points to make the Edge rewards balance as 700. Then you can do a transfer of 700 at one shot to make it zero balance. Your other big chunk of points should now be available for transfer. .

To get 588 points you need to spend rs 9800 on a single purchase ( you can slightly exceed this amount , but not go over 10000). Spend On the same card on which you are getting points recently for Edge Reward bucket.
588 * 200%12= 9800.
Dont do any spends on both your cards for a week till the ER balance becomes 700. Then you are done and I get the reward.
 
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Guys for Atlas card do we get any Dreamfolks card or we just need to show the QR code in the APP. I received my Atlas card but can't see any Dream folks card
 
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I
palvannan said:
You might have received an email also to confirm it is a valid transaction initiated by you. Otherwise call the number and ask them to register a request to clear the temporary block on the card , as they must have detected it as suspicious transaction.

It happened to me also for payzap/RedGiraffe payment a few days back. It was cleared after 24 hours after I sent a confirmation mail and called up this number.
Click to expand...
confirmed it on call and raised a request but its still not letting me pay
 
Upvote 0 Downvote
Rags said:
Still, it won't help as I have 80 points.
Click to expand...
You need to do a 2 step purchase process to reach 300 points.
1. Add 540 points ( spend 9k now) to reach 620 points in a week.
2. Transfer only 500 points to get to 120 points.
3. Then Add 180 points ( spend 3k) to reach 300 , a week after.
So two weeks journey 🤣
 
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